Yet another “Green scam.” Makers of fossil-fueled cars are forced to buy, in essence, “carbon credits” from Tesla to meet California’s “zero emission” standards. You can bet those costs are passed along to the consumer.
Guest post by Bjørn Lomborg
I’ve said electric cars get subsidized too much. Turns out I was wrong.
In California, they are subsidized ridiculously too much.
Tesla gets $45,000 for each car it sells in state and federal subsidies. The Tesla S starts at $69,000, so about 40% of its total cost is subsidies (Tesla isn’t making any big profits).
This is because the California Air Resources Board has mandated that zero emission vehicles should comprise 15% of new-car sales by 2025 — up from less than 1% now. This forces other car companies that can’t comply to pay for credits from Tesla.
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